Google Stock Hits Two-Year Low

AUTHOR(S)

Sadighi, Lalee

PUB. DATE

September 2008

SOURCE

Red Herring;9/29/2008, p6

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article reports on the decline in the stocks of Google despite announcement of the launch of Android phone in the U.S. Analysts are concerned that the Internet giant will suffer from the general economic malaise. According to Kaufman Bros.' Jason Avilio, they believe the economic weakness will have to impact Google. Avilio lowered his revenue estimate for Google's current third quarter from to $4.03 billion from $4.7 billion.

The article deals with the performance of the Internet industry in the U.S. in February 2006. Shares of Google Inc listed at $85 in mid-2004. That share price hit $475 one day last month, and it is not stopping. The company is on the verge of becoming the biggest in the country by market...

Reports that the initial public offering of Internet company Google Inc. is expected to be delayed until September until after securities regulators decide to investigate the distribution of unregistered shares in the U.S.

Forecasts three trends which will become relevant for businesses in Great Britain in the 21st century. Importance of addressing the problem of overpriced equities; Consideration of how transgenic crops in food products will affect consumer choices in the century; Significance of the Internet...

The article reports that California-based global Internet-related services firm Google Inc. has claimed responsible for the barge parked at the Treasure Island in San Francisco Bay which plans to use them as an interactive space for new technology and mentions the 1.5% shares decline in 2013.